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(EP #16) Kelvin Trade Ideas - NZDUSD Bat Pattern 2020-01-03A bearish bat pattern is completed in daily chart, it provides a potential reversal zone (PRZ) from 0.66880 to 0.67230. Now the price is leaving the potential reversal zone, however I will wait for market back to PRZ top 0.67230 and show me a double top pattern as a confirmation signal. I may miss that selling opportunity, but a high risk management standard makes myself feel better. Let's see how it goes! Please follow me to know my trade ideas everyday!
Short
by KelvinShamKaiMan
(EP #15) Kelvin Trade Ideas - XAUUSD Bat Pattern 2020-01-03A bearish bat is completed in four hour chart, it provides a potential reversal zone (PRZ) from 1528.50 to 1525.00. In the longer time frame charts, the market shows us it is in a uptrend, so this selling opportunity is a counter trend trade. I am waiting for more candlesticks show up, If the market shows me a double top pattern or RSI divergence, I will short the market because they are the ideal confirmation signals. I will use PRZ top 1528.50 as my sell order's entry price. Please follow me to know my trade ideas everyday!
OANDA:XAUUSDShort
by KelvinShamKaiMan
(EP #14) Kelvin Trade Ideas - EURAUD Bat Pattern 2019-12-31The market retest the bullish bat pattern. The bat pattern provides a potential reversal zone (PRZ) from 1.60217 to 1.59640. Because RSI divergence shows up in four hour chart, I mark that as a confirmational long signal. However, we can see the market low point is getting lower and lower, it is not a good signal for a long trade. Please be careful for the risk management. Please follow me to know my trade ideas everyday! Have a Happy New Year’s Day Additionally, have a Great Deal of happy days ahead of this year. Keep Healthy and blessed!
Long
by KelvinShamKaiMan
(EP #13) Kelvin Trade Ideas - CHFJPY Bat Pattern 2019-12-24The market is testing resistance level on daily chart. Meanwhile, a clear RSI divergence is showing up in four hour chart. It means that 111.750 is a valid resistance level. I am searching for selling opportunity in this market. In the 15 minute chart, the bearish bat pattern is almost complete, it provides a potential reversal zone (PRZ) is from 111.550 to 111.530. I will use difference stop loss level and take profit level to short this bearish signal in order to get a huge risk reward ratio. Please follow me to know my trade ideas everyday! Merry Xmas!
Short
by KelvinShamKaiMan
(EP #12) Kelvin Trade Ideas - EURAUD Bat Pattern 2019-12-20In the daily chart, the market is retesting support area (~1.61350) now. In four hour chart, there are two bat pattern in the chart. The red bearish bat pattern provides a potential reversal zone (PRZ) from 1.62740 to 1.62610. The purple bullish bat pattern provides a PRZ near 1.60850. I assume the market is in a sideways trend which is between those PRZ. Because now the price is near the bottom of the sideways trend , so I would like to trade the purple bat pattern, I will use the PRZ 1.60850 as my buy orders entry level, because I need the best risk and reward ratio in this chart. So right now I need more candlesticks to show up and the price hit 1.60850, let's see how it goes from here! Please follow me to know my trade ideas everyday!
Long
by KelvinShamKaiMan
(EP #11) Kelvin Trade Ideas - NZDJPY Bat Pattern 2019-12-19A bearish bat pattern is completed in Daily chart. It provides a potential reversal zone (PRZ) from 72.465 to 71.860. In the longer time frame charts, the market shows us it is in a downtrend, so this selling opportunity is a follow trend trade. I am waiting for more candlesticks show up, then I can confirm the PRZ is a valid resistance level or not. I will short the market until I get confirmation. Please follow me to know my trade ideas everyday!
Short
by KelvinShamKaiMan
(EP #09) Kelvin Trade Ideas - USDJPY Bat Pattern 2019-12-18A bearish bat pattern completed in four hour chart. Market shows us a double top pattern, it is near the potential reversal level (109.574) which is provided by the bat pattern. The main reason of why I enter this trade because the high point in the daily chart, which was created on 29 Nov 2019, cannot close the candle higher than the past high point, which was created on 30 May 2019. Therefore, I believe the market will have a bearish trend later. Please follow me to know my trade ideas everyday!
Short
by KelvinShamKaiMan
(EP #08) Kelvin Trade Ideas - XAUUSD Bat Pattern 2019-12-17In daily chart, market shows us a bearish trend line clearly. At the same time, there are two bearish bat patterns in one hour chart. The first one is the green one, it provides potential reversal level (PRZ) from 1481 to 1480, another one is the yellow one, it provides PRZ is 1484. I will use 1484 as my sell order entry price because I want the best risk reward ratio from this chart. If the market breaks those PRZ later, I will post my other bearish bat pattern in the longer time frame charts until the market breaks the highest point (~1555) in daily chart. Please follow me to know my trade ideas everyday!
OANDA:XAUUSDLong
by KelvinShamKaiMan
(EP #07) Kelvin Trade Ideas - USDSGD Bat Pattern 2019-12-17A bullish bat pattern retests the potential reversal zone (PRZ)(1.35618) in daily chart. In the longer time frame charts, the market shows us it is in a uptrend, so this buying opportunity is a follow trend trade. As long as market doesn't break the X point of the bat pattern, I will define this buying opportunity as still vaild. I will wait for double bottom as a confirmation signal for me to enter the buy order. Please follow me to know my trade ideas everyday!
Long
by KelvinShamKaiMan
(EP #06) Kelvin Trade Ideas - XAGUSD Bat Pattern 2019-12-11A bullish bat pattern is waiting to complete in daily chat, it provides potential reversal level (PRZ) from 15.55 to 15.20. At the same time, there is an AB=CD pattern in the same chart, it provides a PRZ (around 15.55), which is similar to the bat pattern's PRZ. With UK General elections is coming on 12 Dec 2019, the markets may become choppy in pound market that day and this may keep investors away from there. As a hedging commodities, sliver may has a clear trend this week, so I will keep focus on it. Please follow me to know my trade ideas everyday!
OANDA:XAGUSDLong
by KelvinShamKaiMan
(EP #05) Kelvin Trade Ideas - AUDCAD Bat Pattern 2019-12-11Four hours chart shows us the market is in sideways trend. There are two bullish bat patterns in four hour chart, the first one is the yellow one, it provides potential reversal level (PRZ) from 0.89840 to 0.89800, another one is the blue one, it provides PRZ from 0.89920 to 0.90000. The market is in up trend because we can see that market is creating a few higher low points in daily chart, so those buying signals are follow trend trades. I will use 0.89800, which is taken from yellow bat pattern's PRZ bottom, as my buy order entry price because I want the best risk reward ratio from this chart. Please follow me to know my trade ideas everyday!
Long
by KelvinShamKaiMan
(EP #04) Kelvin Trade Ideas - XAUUSD Bat Pattern 2019-12-08A bullish bat pattern almost completed in one hour chart. This market is in down-trend in daily chart , so this buying opportunity is a counter trend trade. The main point in this trade is whether the support level(~1455) will be valid again or not, then the price goes up. Because there are two long bearish candles in the chart, so I need clearer confirmation signal by viewing candle stick pattern this week. Please follow me to know my trade ideas everyday!
OANDA:XAUUSDLong
by KelvinShamKaiMan
tradeideas-disscussion: 2019-12-04 USOILMarket retests the bearish bat pattern in four hour chart, the potential reversal zone (PRZ) is between 58.47 and 58.05. There is also a bearish bat pattern, which completed in one hour chart which has a similar PRZ ( 57.98-57.77). One of the topics discussed in the meeting that OPEC holds this week is whether delaying cut extensions or not, therefore, the market may have a great fluctuation after releasing the results. I will back to this market until the release of results and when the chart becomes stable. I would then decide whether I would trade those bearish bat patterns or not. Please follow me to know my trade ideas everyday!
FX:USOILShort
by KelvinShamKaiMan
tradeideas-disscussion: 2019-12-03 AUDJPYA bearish bat pattern within sell zone (red box) in four hour chart. I will set 75.400 as my sell order entry price. But unfortunately, if I consider the high point (~75.980) in daily chart, my stop loss level will be far away from the entry level. For me, I don't like this situation because I don't have an ideal risk reward ratio in it. However, traders can consider this sell opportunity depends on your own risks management. Also, please note that Australia will release GDP data on 4 Dec (Wed.), Australian dollar markets may have a great fluctuation after that. Please follow me If you want to get my trade ideas everyday!
Short
by KelvinShamKaiMan
tradeideas-disscussion: 2019-11-27 EURUSDA bullish bat pattern within buy zone in one hour chart. I would like to use potential reversal zone bottom 1.0992 as my buy order entry price, because I will have a better risk reward ratio. This set-up is based on if the market would test the support area (~1.0994) successfully and price would go up. If it happens, I will define EURUSD is in sideway trend. My next step is waiting for selling opportunity near the daily chart resistance area (~1.1167). Please follow me if you want to get my trade ideas everyday!
Long
by KelvinShamKaiMan